Conventry Building Society

sorcerer

Yep, that's the condition but it also goes on to say you can't open any future issues if you open on Online Saver (3).

Norman_Castle wrote: »

"If you have ever opened an Online Saver(2) you are not permitted to open an Online Saver(3)"

Is this the condition?. If the Coventry BS want new investors for similar accounts in the future they will simply change the name and allow new investments.

BLB53

Is this where all the nuns get into the habit of saving?

savetilibleed

sorcerer wrote: »

I was setting up their online saver issue 3 last night, and I noticed some interesting stuff in their terms and conditions.

After you have setup it up, if you close it you can never have another online saver, not even if they change the issue number in the future. So it's a one shot deal, use the acount for 1yr to get the bonus, and never come back.

Their is only one reason I can think they have done this, and it's because, they don't want customers who keep shifting money from bank to bank.

Hmm, I have a Poppy Online Saver and a Online Saver (iss1). As the Poppy Online Saver bonus is due to end in the next day or so now, they sent me an email (couple weeks ago now) telling me that the bonus would not drop to the expected 2% but to 2.8% until 31 May 2013 whereupon it will drop to 2.15%. This is obviously to encourage loyalty, though I have already moved the majority of my money to the Online Saver.